GOLD Neutral setup 👉🏻 The precious metal has been dumping since the New Year from $1955. Now is seating, for the second time at the major 50% of $1451 and $2075. Friday's close was not a decent candle to go long on, price could break down further to test the 61.8% level. Of course any further bounce could be a favourable indication to go long to the previous...
GOLD Short Setup Gold may fall further to complete an EW and also to reach the weekly Order Block
GOLD Short Setup Price didn't manage to break the high of 1965.37. Could anticipate price to make lower movements
GOLD Recent break on the 38.2% will lead the gold price to test the next level of 50.0%. A strong support of the Daily 200EMA is also in play here. A good area for buyers to hop in would be around $1750-$1755
GOLD Short Setup From the yearly lows of $1451.10, GOLD hasn't tested the 0.382 fibonacci retracement. With the price recently broken off a bearish flag pattern on the smaller timeframe, price is expected to test the said level soon. 38.2%-50.0% retracement level would be a favourable level for buyers to step in.
GOLD W3 AUG 2020 We're safe to say that Gold is consolidating after a huge drop of approximately 10%/2000pips in just 5 trading days. As I have mentioned countless times: Gold is a commodity to have a much better risk to reward ratio in longing than shorting. Daily A doji like candle followed by a confident bullish candle which closed above the doji wick...
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POSTING THIS IDEA AGAIN AS MY PREVIOUS ONE DISAPPEARED I DONT KNOW HOW please like and follow dont forget to comment GOLD will test 1733 coorection 1722 GOLD test 1738 correction 1727 Test 1734 and straight to 1700 and continue..